Strs Ohio decreased its position in shares of Danaher Corporation (NYSE:DHR – Free Report) by 11.8% during the first quarter, Holdings Channel.com reports. The fund owned 286,375 shares of the conglomerate’s stock after selling 38,316 shares during the quarter. Strs Ohio’s holdings in Danaher were worth $54,297,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in DHR. Root Financial Partners LLC raised its position in shares of Danaher by 97.3% during the 1st quarter. Root Financial Partners LLC now owns 1,953 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 963 shares during the period. Capital Asset Advisory Services LLC increased its stake in Danaher by 4.3% in the 1st quarter. Capital Asset Advisory Services LLC now owns 14,755 shares of the conglomerate’s stock worth $2,885,000 after buying an additional 609 shares in the last quarter. Essex Financial Services Inc. increased its stake in Danaher by 15.6% in the 1st quarter. Essex Financial Services Inc. now owns 6,284 shares of the conglomerate’s stock worth $1,191,000 after buying an additional 849 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in Danaher by 55.5% during the first quarter. CHICAGO TRUST Co NA now owns 10,624 shares of the conglomerate’s stock valued at $2,014,000 after acquiring an additional 3,791 shares during the period. Finally, Balentine LLC lifted its position in shares of Danaher by 5.4% in the first quarter. Balentine LLC now owns 4,507 shares of the conglomerate’s stock valued at $855,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Danaher in a research note on Tuesday, April 21st. Wells Fargo & Company cut their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 target price on the stock. Rothschild & Co Redburn set a $205.00 target price on shares of Danaher in a research report on Friday, April 17th. Finally, Royal Bank Of Canada started coverage on shares of Danaher in a research note on Thursday, May 14th. They set an “outperform” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.
Danaher Price Performance
Shares of Danaher stock opened at $197.85 on Friday. The stock has a 50 day moving average of $178.74 and a 200 day moving average of $200.56. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The firm has a market cap of $140.03 billion, a PE ratio of 38.27, a PEG ratio of 2.47 and a beta of 0.79. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33.
Danaher (NYSE:DHR – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. On average, research analysts expect that Danaher Corporation will post 8.44 EPS for the current fiscal year.
Danaher Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, June 26th. Danaher’s payout ratio is currently 30.95%.
About Danaher
Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.
Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.
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